1 week ago
Sensex, Nifty Rise on Blue-Chip Buying Amid Global Cues
India’s main stock market indexes rose early on Monday.
Investors bought shares of large companies such as HDFC Bank and Infosys.
The Sensex and Nifty both moved higher.
Some stocks, including Asian Paints and Titan, fell instead.
Oil prices went down, but they were still considered high.
Tensions involving Iran and the United States made investors cautious.
Several Asian stock markets were trading lower.
Foreign investors had sold Indian shares worth Rs 542.71 crore on Friday.
The Sensex rose 202.42 points to 77,744.15 in early Monday trading.
The Nifty gained 55.35 points to reach 24,309.
HDFC Bank and Infosys led buying, while Asian Paints and Titan lagged.
Brent crude fell 1.32% to USD 93.14 per barrel.
Geopolitical tensions, energy prices, weak Asian markets and foreign selling continued to weigh on sentiment.
- Who
- Indian equity investors, blue-chip companies, foreign institutional investors and market analysts.
- What
- The Sensex and Nifty rose in early trade, led by buying in major stocks.
- Where
- Indian stock exchanges, with global market conditions influencing sentiment.
- When
- Early trading on Monday; the previous session ended on Friday.
- Why
- Blue-chip buying and positive US market cues supported gains, while geopolitical tensions, crude prices and foreign selling limited risk appetite.
Factors Supporting Markets
Factors Limiting Risk Appetite
Market direction
Factors Supporting Markets
Buying in blue-chip stocks and positive US market cues pushed the Sensex and Nifty higher.
Factors Limiting Risk Appetite
Persistent Middle East tensions, concerns over the US-Iran standoff and elevated crude prices kept investors cautious.
Global signals
Factors Supporting Markets
US markets ended higher on Friday, providing a supportive signal for Indian equities.
Factors Limiting Risk Appetite
South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite and Hong Kong’s Hang Seng were trading lower.
Key facts
- Sensex
- Up 202.42 points to 77,744.15 in early trade.
- Nifty
- Up 55.35 points to 24,309.
- Leading stocks
- Infosys, HCL Tech, Tata Steel, Tech Mahindra, Tata Consultancy Services and HDFC Bank.
- Lagging stocks
- Asian Paints, Titan, Power Grid and Bharat Electronics.
- Brent crude
- Down 1.32% at USD 93.14 per barrel.
- Foreign institutional investors
- Sold equities worth Rs 542.71 crore on Friday.
- Previous close
- Sensex ended at 77,540.83 and Nifty at 24,252 on Friday.
Quotes
Ponmudi R
CEO of Enrich Money, an online trading and wealth-tech firm
“For Indian investors, the prolonged US-Iran standoff and its implications for energy prices remain a key source of uncertainty.”
deccanchronicle.com
Sources
Related news
Sensex, Nifty Fall as HDFC Bank, Geopolitical Tensions Weigh
Sensex, Nifty Edge Higher Amid Crude, Global Market Caution
Indian Stocks Close Lower as West Asia Tensions Lift Crude
Sensex, Nifty Open Higher as Oil Prices Ease
Sensex, Nifty Recover to Close Higher Amid Crude Oil Surge
Sensex, Nifty Down as Crude Tops $90 Amid US-Iran Tensions
India Draws Record $127 Billion Through Special FCNR Window
Major Banks Cut FCNR Deposit Rates After Subsidy Ends
Uber Driver Returns ₹37,000 Sent by Mistake, Refuses Reward
ICICI Bank Nears HDFC Bank as Nifty’s Top Influence
Brokerages Suggest HDFC Bank, PB Fintech, Parag Milk Foods
